The idea that shoplifting increases prices is an urban myth.
The UK has the lowest grocery prices in Europe because we have so many big supermarket rival chains compared to our more monopolised neighbours, and we also don’t have as many rules preventing importation which prevents higher prices for domestic products.
The Tesco boss gave his workers a 12p pay increase this year then gave himself a £10 million pound bonus. The Asda bosses gave themselves a total of £31 million in bonuses after staff received an 11p pay rise.
Groceries have gone up almost 200% since the pandemic, shoplifting has stayed stable for the last 20 years until only rising significantly in the last two years. As shoplifting increases, prices have actually increased less quickly after rapid rises. Loss still only makes up less than 1% of supermarket revenue.
The number one factor that actually contributes to the rising price of groceries are oil prices, and that will only be relieved by an end to the wars in Ukraine and the Middle East.
Not everyone is stealing food for starving children I know, but when you consider those numbers, I see and say nothing. There are much more important things to worry about, which is why the police don’t care.